But that would require multiple microphones, a mixer with a touch of compression and reverb...etc.

But...for a one mic recording?

Not bad at all.

You have talent.ZZ-Ed

Wow!! Thank you so much, that really means a lot to me! I'm evaluating what I want to do with the setup and how elaborate I want to get. It's just for fun but I also want it to sound as good as I can make it.

Thanks for the feedback. Someone mentioned there is a way to record tracks into SS for use by myself and/or others. Where does that feature live, do you know?

"I need to work on the balance and mic placement and am open to suggestions how to get a cleaner sound into the recording from my guitar."

I think what ZZ said applies. But until you have the equipment and studio set up to get the sound you want with a live recording, I would suggest using a multi-track studio process to make the recording. This allows for separate tracks for guitar and vocals. Each track can be post processed for EQ, compression, effects, and balance. When you get it right, only then do you play it into SS. If you don't have recording software, I recommend the free Audicity.